according to Savills, in the 1st quarter of 2026, around 400 million euros were turned over on the Munich real estate investment market. Compared to the same period last year, this corresponds to a decrease of 4%. Compared to the 10-year average, sales were even 63% lower. In the last twelve months, Savills has registered about 40 transactions, an increase of 8% compared to the same period last year. The prime yield for offices was 4.0% at the end of April, unchanged from the previous quarter and 20 basis points below the previous year's figure. The prime yield for commercial buildings was 3.9% at the end of December, unchanged from the previous year's figure.
Philipp Traumann, Associate Director Investment at Savills in Munich, comments on the market as follows: "This year, the Munich investment market will once again offer individual premium properties in prime locations for which there are likely to be buyers. Demand in this segment continues to be driven primarily by private capital. In the core-plus area, we see numerous structured sales processes, especially from institutional owners. Pricing remains difficult here, especially as potential investors are now calculating even more cautiously in view of increased geopolitical uncertainties. The outcome of many lawsuits is correspondingly open, and even aborted transactions will continue to be part of the market picture."
With a transaction volume of EUR 860 million, retail properties have contributed the most to investment turnover in the last twelve months, followed by office properties (approx. EUR 530 million) and residential properties* (approx. EUR 200 million).
* Only properties with at least 20 residential units
